Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 Summary of Debt Service Requirements to Maturity The total annual debt service requirements to maturity of long-term bonds, notes and commercial paper debt were as follows: Governmental Activities Year Ending September 30 General Obligation Bonds Notes and Loans Payable General Obligation Commercial Paper Revenue Bonds Total Interest Total Principal & Interest 2021 $ 1,845,000 $ 13,865,890 $ 4,089,000 $ 18,420,000 $ 13,453,307 $ 51,673,197 2022 2,155,000 17,210,538 4,509,000 19,275,000 11,933,884 55,083,422 2023 2,260,000 17,590,513 1,401,000 20,215,000 10,489,707 51,956,220 2024 2,370,000 17,973,832 8,954,000 20,940,000 8,982,707 59,220,539 2025 2,495,000 12,132,514 14,696,000 4,915,000 7,420,879 41,659,393 2026-2030 14,405,000 28,315,276 - 25,880,000 28,296,372 96,896,648 2031-2035 17,525,000 - - 30,440,000 16,986,002 64,951,002 2036-2040 13,525,000 - - 32,225,000 7,808,657 53,558,657 2041-2045 - - - 12,320,000 2,203,999 14,523,999 2046-2050 - - - 4,270,000 248,294 4,518,294 56,580,000 107,088,563 33,649,000 188,900,000 $107,823,808 $494,041,371 Less: Unamortized bond discount - - - (84,168) Plus: Unamortized bond premium 6,932,298 - - 14,893,983 Net Debt $63,512,298 $107,088,563 $33,649,000 $203,709,815 As of September 30, 2020, the Debt Service Funds had the following amounts available to pay general obligation bonds ($105,159), revenue bonds ($1,011,474), notes and loans ($1,861,168) and commercial paper ($765,917). Business-type Activities Enterprise Enterprise Enterprise Total Year Ending Notes and Loans Commercial Revenue Total Long-term September 30 payable Paper Bonds Interest Debt 2021 $ 15,306,758 $ 3,000,000 $ 1,950,000 $ 8,451,824 $ 28,708,582 2022 15,247,606 3,000,000 2,440,000 8,018,508 28,706,114 2023 11,091,008 3,000,000 4,035,000 7,552,275 25,678,283 2024 8,347,037 - 4,130,000 7,063,119 19,540,156 2025 4,410,766 - 14,840,000 6,637,508 25,888,274 2026-2030 11,068,850 - 11,015,000 28,514,018 50,597,868 2031-2035 3,919,280 - 28,610,000 20,913,145 53,442,425 2036-2040 844,621 - 49,115,000 12,291,358 62,250,979 2041-2045 - - 28,555,000 2,076,300 30,631,300 70,235,926 9,000,000 144,690,000 $ 101,518,055 $ 325,443,981 Plus: Unamortized bond premium Net debt $ - 70,235,926 $ - 9,000,000 $ 16,143,075 160,833,075 119